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Buy Gold Above 47950 Sl Below 47800 TGT 48200/48300 - Axis Securities Ltd
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GOLD
MCX Gold price sustained higher after resistance breakout, price is expected to trade positively. Any breakout above 47950 would push the price higher towards 48200/48300 levels intraday. The price has started trading above 9,21&60 hourly EMA which is a bullish sign for the prices.
BUY GOLD ABOVE 47950 SL BELOW 47800 TGT 48200/48300
ALUMINIUM
MCX Aluminium price is trading inside the ascending triangle pattern, Price is expected to trade positively. Any breakout above 202.50 would push the price higher towards 204/204.50 levels in intraday. The price has been trading above 60 hourly EMA which shows any small correction should be used for buying.
BUY ALUMINIUM ABOVE 202.50 SL BELOW 201.50 TGT 204/204.50
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